Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.3802
S.3802: Big Oil Windfall Profits Tax Act
About This Bill
- Introduced March 10, 2022
- Latest Major Action March 10, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
17 (16 Democrats, 1 Independent Democrat)
Bill Version
- Introduced in Senate - March 10, 2022
Bill Summary
Big Oil Windfall Profits Tax Act This bill imposes an excise tax on the windfall profits of crude oil on taxpayers who extracted and imported more than 300,000 barrels (a barrel equals 42 U.S. gallons) of taxable crude oil (i.e., crude oil, crude oil condensates, and natural gasoline) in 2019, or who extracted and imported that amount in the current calendar quarter. The bill requires rebates of the tax collected to be paid to individual...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 10, 2022 |
Read twice and referred to the Committee on Finance.
|
| March 10, 2022 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |